The study looked at more than 1,600 companies, the largest private-sector adaptation study to date, and found that most companies, about four out of five, reported that they did experience physical risk from climate change within the last year — but only about 20 percent were able to quantify those risks in financial terms.

Companies around the world are vastly underestimating the risks that climate change poses to their business, a new study finds.

The study, published today in the journal Nature Climate Change, analyzed disclosures from more than 1,600 global companies and found that they are collectively underreporting the financial implications of climate risks to investors by at least 100 times.

Human Nature spoke with Allie Goldstein, a scientist at Conservation International and the study’s lead author, about the findings.

Shell’s recent success in the US Gulf of Mexico includes its deepwater Dover discovery on Mississippi Canyon 612, reported last year, near its Appomattox platform. The well was drilled by the Deepwater Poseidon ultra-deepwater drillship. Sources: Shell, Transocean.

In lieu of the traditional shovel groundbreaking, Miami City Commission chair Ken Russell, Miami Mayor Francis Suarez and Miami city manager Emilio T. Gonzalez (pictured l-r) perform the ceremonial water toss to mark the start of the first Miami Forever Bond project tackling flooding and sea-level rise. (Photo by City of Miami Office of Communications)